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US offers temporary sanctions relief to Russian-controlled Serbian oil firm

The United States has granted a majority-Russian-owned Serbian oil company a temporary reprieve from sanctions targeting Moscow's invasion of Ukraine, a Serbian minister said on Wednesday. According to the Serbian national broadcaster RTS, Hungarian Prime Minister Viktor Orban was involved in discussions between Vucic and the US State Department earlier Wednesday, while the Hungarian firm MOL is in negotiations to buy the Russian portion of NIS's shares.

1 Jan 2026 10:54 am